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20110701
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ABC
Jul 11, 2011 2:05am EDT
2 to 10 years old. >>> now to the phone hacking scandal that is rocking britain. it's already forced the tabloid "news of the world" to close. it's now threatening a $12 billion deal to take over a british satellite broadcast company. jeffrey kofman has the latest now from london. >> reporter: rupert murdock rushed to london to rescue the $33 billion media empire he has spent his life building. "the news of the world," the paper that began his overseas expansion 42 years ago. the best-selling tabloid was on the newsstands here for the last time. >> if you've done wrong you face the consequences. >> reporter: the paper brought down by criminal compelses of reporters in search of sensational stories. in the eyes of many it was brought down by management that still refuses to acknowledge its own role. that is rebecca brooks. she was editor while many of the crimes were committed. 270 people lost their jobs this weekend. she stays. but murdock may lose a huge business deal. his plan to take 100% control of britain's b sky b satellite network. this scandal has highlighted what many in bri
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